Question
A taxpayer bought 20,000 shares from Golden Mutual Fund at P120 Net Asset Value per share. The taxpayer redeemed his shares when the Net Asset
A taxpayer bought 20,000 shares from Golden Mutual Fund at P120 Net Asset Value per share. The taxpayer redeemed his shares when the Net Asset Value per share was P180.
1) How much is the income exempt from tax?
2) How much is the taxable income?
*Based on Philippine Tax Law
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
